{"id":5302,"date":"2019-05-28T10:12:15","date_gmt":"2019-05-28T10:12:15","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=5302"},"modified":"2019-05-28T10:23:32","modified_gmt":"2019-05-28T10:23:32","slug":"reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/","title":{"rendered":"Reliance Capital offer for sale of Reliance Nippon AMC receives good response"},"content":{"rendered":"<p style=\"text-align: justify;\">The Offer for Sale (OFS) announced by Reliance Capital on Thursday, May 23, 2019 to sell its shareholding in Reliance Nippon Life Asset Management Ltd (RNAM) has received an excellent response from investors.<\/p>\n<p style=\"text-align: justify;\">Reliance Capital has exercised the \u201cGreen-Shoe\u201d option and would sell over 8% of its shareholding in RNAM through this OFS aggregating approx. Rs. 1,100 crore.<\/p>\n<p style=\"text-align: justify;\">Reliance Capital had announced an Offer for Sale of its shareholding in RNAM in order to be in line with the mandatory requirement of achieving Minimum Public Shareholding of 25% by reducing the promoter stake.<\/p>\n<p style=\"text-align: justify;\">The entire RNAM stake monetization proceeds of ~ Rs. 6,000 crore (~ US $ 860 million) to be received from the Offer for Sale and the already announced transaction with Nippon Life Insurance Company of Japan will be utilised to reduce Reliance Capital\u2019s outstanding debt.<\/p>\n<p style=\"text-align: justify;\">Speaking on the above, and other asset monetisation deals presently underway, Reliance Capital looks to reduce its debt by at least Rs. 12,000 crore (US$ 1.7 billion), or 70%, in the current financial year. JM Financial and CLSA acted as Selling Brokers for the Offer For Sale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Offer for Sale (OFS) announced by Reliance Capital on Thursday, May 23, 2019 to sell its shareholding in Reliance Nippon Life Asset Management Ltd (RNAM) has received an excellent response from investors. Reliance Capital has exercised the \u201cGreen-Shoe\u201d option and would sell over 8% of its shareholding in RNAM through this OFS aggregating approx. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[3950,905,3949],"class_list":["post-5302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india-inc","tag-ofs","tag-reliance-capital","tag-rnam"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reliance Capital offer for sale of Reliance Nippon AMC receives good response - Finance Intellect<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reliance Capital offer for sale of Reliance Nippon AMC receives good response - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"The Offer for Sale (OFS) announced by Reliance Capital on Thursday, May 23, 2019 to sell its shareholding in Reliance Nippon Life Asset Management Ltd (RNAM) has received an excellent response from investors. Reliance Capital has exercised the \u201cGreen-Shoe\u201d option and would sell over 8% of its shareholding in RNAM through this OFS aggregating approx. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/\" \/>\n<meta property=\"og:site_name\" content=\"Finance Intellect\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-28T10:12:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-05-28T10:23:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/02\/581085663f7e5reliance_group_logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Team Finance Intellect\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Finance Intellect\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/\"},\"author\":{\"name\":\"Team Finance Intellect\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e\"},\"headline\":\"Reliance Capital offer for sale of Reliance Nippon AMC receives good response\",\"datePublished\":\"2019-05-28T10:12:15+00:00\",\"dateModified\":\"2019-05-28T10:23:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/\"},\"wordCount\":185,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/02\/581085663f7e5reliance_group_logo.jpg\",\"keywords\":[\"OFS\",\"Reliance capital\",\"RNAM\"],\"articleSection\":[\"India Inc\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/\",\"name\":\"Reliance Capital offer for sale of Reliance Nippon AMC receives good response - Finance Intellect\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/02\/581085663f7e5reliance_group_logo.jpg\",\"datePublished\":\"2019-05-28T10:12:15+00:00\",\"dateModified\":\"2019-05-28T10:23:32+00:00\",\"author\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e\"},\"breadcrumb\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#primaryimage\",\"url\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/02\/581085663f7e5reliance_group_logo.jpg\",\"contentUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/02\/581085663f7e5reliance_group_logo.jpg\",\"width\":1100,\"height\":450},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/financeintellect.com\/home-page\/home\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Reliance Capital offer for sale of Reliance Nippon AMC receives good response\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#website\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/\",\"name\":\"Finance Intellect\",\"description\":\"Get business and finance insights\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/financeintellect.com\/home-page\/home\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e\",\"name\":\"Team Finance Intellect\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4c0a180f6df33c7efda4a01bbf6d8981f70509af7fcc506a312b85cf5162f186?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4c0a180f6df33c7efda4a01bbf6d8981f70509af7fcc506a312b85cf5162f186?s=96&d=mm&r=g\",\"caption\":\"Team Finance Intellect\"},\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Reliance Capital offer for sale of Reliance Nippon AMC receives good response - Finance Intellect","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/","og_locale":"en_US","og_type":"article","og_title":"Reliance Capital offer for sale of Reliance Nippon AMC receives good response - Finance Intellect","og_description":"The Offer for Sale (OFS) announced by Reliance Capital on Thursday, May 23, 2019 to sell its shareholding in Reliance Nippon Life Asset Management Ltd (RNAM) has received an excellent response from investors. Reliance Capital has exercised the \u201cGreen-Shoe\u201d option and would sell over 8% of its shareholding in RNAM through this OFS aggregating approx. [&hellip;]","og_url":"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/","og_site_name":"Finance Intellect","article_published_time":"2019-05-28T10:12:15+00:00","article_modified_time":"2019-05-28T10:23:32+00:00","og_image":[{"width":1100,"height":450,"url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/02\/581085663f7e5reliance_group_logo.jpg","type":"image\/jpeg"}],"author":"Team Finance Intellect","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Team Finance Intellect","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#article","isPartOf":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/"},"author":{"name":"Team Finance Intellect","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e"},"headline":"Reliance Capital offer for sale of Reliance Nippon AMC receives good response","datePublished":"2019-05-28T10:12:15+00:00","dateModified":"2019-05-28T10:23:32+00:00","mainEntityOfPage":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/"},"wordCount":185,"commentCount":0,"image":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#primaryimage"},"thumbnailUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/02\/581085663f7e5reliance_group_logo.jpg","keywords":["OFS","Reliance capital","RNAM"],"articleSection":["India Inc"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/","url":"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/","name":"Reliance Capital offer for sale of Reliance Nippon AMC receives good response - Finance Intellect","isPartOf":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/#website"},"primaryImageOfPage":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#primaryimage"},"image":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#primaryimage"},"thumbnailUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/02\/581085663f7e5reliance_group_logo.jpg","datePublished":"2019-05-28T10:12:15+00:00","dateModified":"2019-05-28T10:23:32+00:00","author":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e"},"breadcrumb":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#primaryimage","url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/02\/581085663f7e5reliance_group_logo.jpg","contentUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/02\/581085663f7e5reliance_group_logo.jpg","width":1100,"height":450},{"@type":"BreadcrumbList","@id":"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-offer-for-sale-ofs-shares-sold-in-rnam-get-a-loud-cheer-from-investors\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/financeintellect.com\/home-page\/home\/"},{"@type":"ListItem","position":2,"name":"Reliance Capital offer for sale of Reliance Nippon AMC receives good response"}]},{"@type":"WebSite","@id":"https:\/\/financeintellect.com\/home-page\/home\/#website","url":"https:\/\/financeintellect.com\/home-page\/home\/","name":"Finance Intellect","description":"Get business and finance insights","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/financeintellect.com\/home-page\/home\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e","name":"Team Finance Intellect","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4c0a180f6df33c7efda4a01bbf6d8981f70509af7fcc506a312b85cf5162f186?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4c0a180f6df33c7efda4a01bbf6d8981f70509af7fcc506a312b85cf5162f186?s=96&d=mm&r=g","caption":"Team Finance Intellect"},"url":"https:\/\/financeintellect.com\/home-page\/home\/author\/admin\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/02\/581085663f7e5reliance_group_logo.jpg","_links":{"self":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/5302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/comments?post=5302"}],"version-history":[{"count":3,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/5302\/revisions"}],"predecessor-version":[{"id":5305,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/5302\/revisions\/5305"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/media\/4045"}],"wp:attachment":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/media?parent=5302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/categories?post=5302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/tags?post=5302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}